Overview and Scope
Refrigerated warehousing and storage refer to a type of cold storage facility that provides services such as blast freezing, tempering, and modified atmosphere storage that are used to store products that must be kept at specific temperatures to stay fresh, such as foods, medicines, and biological samples in research laboratories to improve the integrity of the product, maintain the shelf life of drugs, and reduce contamination among the products.
Sizing and Forecast
The refrigerated warehousing and storage market size has grown strongly in recent years. It will grow from $172.31 billion in 2023 to $187.87 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth in the historic period can be attributed to globalization of the food supply chain, consumer demand for fresh products, e-commerce and online grocery shopping, pharmaceutical supply chain requirements.
The refrigerated warehousing and storage market size is expected to see strong growth in the next few years. It will grow to $262.9 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to population growth and urbanization, sustainability and energy efficiency, economic growth in emerging markets, climate change and extreme weather events. Major trends in the forecast period include technology integration, energy efficiency and sustainability, e-commerce and last-mile delivery, cold storage for e-pharmacies.
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Segmentation & Regional Insights
The refrigerated warehousing and storage market covered in this report is segmented –
1) By Type: Cold Storage, Frozen Storage
2) By Ownership: Private Warehouses, Public Warehouses, Bonded Warehouses
3) By Application: Fruits and Vegetables, Bakery and Confectionery, Milk and Dairy Products, Meat, Seafood, Beverages, Other Applications
Asia-Pacific was the largest region in the refrigerated warehousing and storage market in 2023. North America was the second largest region in the refrigerated warehousing and storage market. The regions covered in the refrigerated warehousing and storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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Major Driver Impacting Market Growth
Warehouses are increasingly using mobile technologies to efficiently monitor warehouse operations. Mobile technology includes the use of tablets, smartphones, mobile printers, and other handheld devices for communication and information. These devices make use of GPS, RFID, VoIP, digital imaging, and voice technology. Technicians operating forklifts and automated material handling equipment in a warehouse are using mobile technologies to obtain information on troubleshooting, repairs, and work orders. This gives warehouse managers access to equipment status and performance reports and enables them to track warehouse operations around the clock. Wearable technology such as smart glasses is being integrated with warehouse management systems to improve hands-free mobility for workers. According to a report by MHI, a material handling, logistics, and supply chain association, 22% of the respondents use mobile technologies in warehouses, and the adoption rate is expected to reach 45% in the next two years.
Key Industry Players
Major companies operating in the refrigerated warehousing and storage market include AmeriCold Logistics, Nichirei Corporation, Lineage Logistics Holdings LLC, Henningsen Cold Storage Co., Burris Logistics, Toyo Suisan Kaisha Ltd., Agro Merchants North America Holdings LLC, Nippon Suisan Kaisha Ltd., Snowman Logistics Ltd., Lineage Logistics, Americold Reality Trust Inc., United States Cold Storage Inc., NewCold Cooperatief U.A., Nichirei Logistics Group Inc., Emergent Cold LatAm Management LLC, Interstate Warehousing Inc., Frialsa Frigorificos S.A. De C.V., Constellation Cold Logistics, Superfrio Logistica Frigorificada, FreezPak Logistics, Conestoga Cold Storage Limited, Congebec Logistics Inc., METCOLD Supply Network Management Limited, RLS Logistics, Friozem Armazens Frigorificos Ltda., Magnavale Ltd., Confederation Freezers, Trenton Cold Storage Inc., Nor-Am Cold Storage, Burris Logistics, Agri-Norcold A/S, Vertical Cold Storage, ColdPoint Logistics, Hanson Logistics Ltd., Cloverleaf Cold Storage Co., Henningsen Cold Storage Co., Gruppo Marconi Logistica Integrata, Zero Mountain Inc.
The refrigerated warehousing and storage market report table of contents includes:
1. Executive Summary
2.Refrigerated Warehousing And Storage Market Characteristics
3.Refrigerated Warehousing And Storage Market Trends And Strategies
4. Refrigerated Warehousing And Storage Market analysis
5. Refrigerated Warehousing And Storage Market Size And Growth
6.Refrigerated Warehousing And Storage Segmentation
7.Refrigerated Warehousing And Storage Regional And Country Analysis
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27.Refrigerated Warehousing And Storage Competitive Landscape And Company Profiles
28.Refrigerated Warehousing And Storage Key Mergers And Acquisitions
29.Refrigerated Warehousing And Storage Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- AmeriCold Logistic
- Nichirei Corporation
- Lineage Logistics Holdings LLC
- Henningsen Cold Storage Co.
- Burris Logistics
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